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Fund Your Business with Receivable Accounting Financing

butchmc2@gmail.com (Ruth McCrackin) — Fri, 20 May 2011 18:50:53 +0000

Ask any business owner; what is the single most essential component of a successful company, most would say adequate cash flow. How do most companies shipping goods and services on terms access working capital to improve cash flow? They almost always use some type of receivable accounting financing.

There are several ways to secure funding, however small business lines of credit are most popular method financing when using a traditional banks. Unfortunately in today's difficult business climate banks are not lending, and when they are credit standards are much more restrictive. Businesses successful in establishing a small business credit line will have to pledge collateral, assets, such as accounts receivables, inventory, equipment, and fixtures to get financed.

In general, covenants come in two flavors: affirmative and negative covenants.

Is Accounts Receivables Factoring the Right Way to Get Easy Short-Term Funds for Your Business?

ruth.antoine@primebayfunding.com (Ruth A McCrackin) — Wed, 18 May 2011 02:55:12 +0000

Funding needs are probably the top concern for many companies as they obtain more customers and contracts, add new employees or purchase new equipment. Obtaining the funding to meet these needs can be difficult, however their are options available to companies that have a strong customer base. One funding source available that is often overlooked by companies that have many customers is their own accounts receivables.

Funding using accounts receivables is known as accounts receivables factoring. In its simplest terms, accounts receivables factoring is the process of selling the company's accounts receivables to a factoring firm which in return, pays the company. Often this type of funding is used to meet a short term cash flow crunch that the company is currently experiencing because of growth or a larger than expected contract or production order.

When a company bills one of its customers, they usually must wait at least thirty days to be paid and in some cases it can be as much as 120 days. This can have serious cash flow implications for a company that must maintain daily operating expenses. By using their accounts receivables as a source of funding, the company receives a payment now rather than waiting for their customers to pay them over a longer period.

However, there are many obstacles to this type of funding and a company should ask the factoring firm for a detailed description of what is involved. A company can pick and choose which of their customers they wish to use as a funding source through the factoring firm. Also, it will take work on the company's part to notify their customers that they will no longer be sending payments to them, but the factoring firm.

Purchase orders and invoices will need to be verified from the company customers by the factoring firm with authorized signatures and faxed directly to the factoring firm from the customer and not the company seeking to obtain funds. The factoring firm will also run a credit check on the company's customers to verify their credit worthiness.

Buying Automobile Notes Made Easy with the Right Investors

ruth.antoine@primebayfunding.com (Ruth McCrackin) — Sun, 30 Jan 2011 01:14:38 +0000

It’s the time of year again and buying automobile notes is on the high…but if you are a dealership and know that this will temporarily pass and you will be stuck with all this unpaid notes and screaming for help to get cash traded from them. Well scream no more, I have made a commitment to serview my clients and getting the best investor to match with your needs and cash flow funding disorder cured now!

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Ruth McCrackin

Auto note buyers purchase outstanding loan agreements from car dealers or independent financers. This allows the holder to receive a large amount of cash in the short term rather than have to wait for the car owner to send monthly payments.

There are a lot of people who need a car but do not have the cash or credit to purchase one. These people often turn to used car dealers who offer their own financing, to meet their needs. The car buyer will put a small amount down and make weekly or monthly payments. The total cost of the vehicle plus interest is paid out over a period of time. The length of time it takes to pay off these notes varies but it usually takes from 1 to 5 years. This leaves the car dealer with a lot of promises but very little cash.

A Easy Plan for Business Start Up Business Lending Fund Eliminating Building Debt

butchmc2@gmail.com (Ruth Mccrackin) — Fri, 28 Jan 2011 02:47:06 +0000

How You Like This Article? Comment below

Have you ever felt that your luck is slim to none? How is it that every other company is getting approved and you know your business plan is unique and competitive in the ‘market? Well stop your worries and look no further. I know exactly what you’re going through for you are not alone. Clients worldwide we facing similar fears and we have the Answers keep reading and share your thoughts below.

Becoming your own boss can be a scary proposition. Start up fund business, business plans, maxed-out credit cards and countless meetings with your accountant can leave you feeling overwhelmed - and prompt you to dump plans for launching your own business in the 'too hard' basket.

Starting your own business, however, doesn't need to be a costly exercise. In today's day and age, it's not necessary to outlay a large chunk of capital or burden yourself with a new debt to get your idea off the ground. What you do need is a plan, and a realistic expectation of how to turn your ideas into action.

Top Secrets for Getting the Best Capital Funds for Your Business Easy

butchmc2@gmail.com (Ruth McCrackin) — Mon, 24 Jan 2011 15:33:01 +0000

Think about this, what if you you could get rid of your working capital funding financing issues via a cash flow solution that works as you head into 2011 and beyond? That certainly is the wish of most, if not all U.S. business owners and financial managers.

The motive you need that working capital is of course to fulfill of all your short term priorities in a timely manner. Naturally those are accounts payable and items such as lease or loan payments, and of course we're adding payroll and salary obligations also.

Private Equity Fund:Capital Funding Sources for Small Businesses

butchmc2@gmail.com (Ruth McCrackin) — Thu, 20 Jan 2011 20:16:23 +0000

If your business needs cash to move forward, you may have to resort to some alternate-ideal financing options or face the possibility of having no business at all. The methods listed below on capital funding may not be what your accountant would advise you to do, but they will raise cash for you if you are in a business need.

Sell Your Assets

Lots of small business owners overlook the sale of assets as a way to raise capital funding for cash quickly. While it may not be ideal to sell your car and lease one that will cost you more in the long run, it may be the only way your business will survive. Private equity fund resources is away to release capital to your company immediately.

Borrow Against the Cash Value of Your Life Insurance or Factor Receivables

You can only borrow against a whole life policy, not term insurance. If you have had your whole life policy for three years or more, you probably have some cash value in it and many companies will let you borrow up to 90 percent of the value of your policy. As long as you continue to pay premiums your policy will remain intact. Loans against the cash value of your life insurance have interest, of course, but the rate will be more favorable than you would get if you took cash advances on your credit card -- a small business bootstrapping favorite. The downside: if you die during the time you have a loan on your policy, the benefits will be dramatically reduced.

Factor Receivables

When you factor, you sell your receivables to a third party -- a factor -- for cash. The factor advances you between 50 and 90 percent of the value of your receivables and then collects the money from your creditors. When the full amount is collected, the factor gives you the remaining 10 to 50 percent, less fees. Fees are in the range of 1-5 percent of the amount financed and range according to volume of receivables.

To find a factor:

Prime Bay Funding Group connects with hundreds of Private Investors with over billions of dollars in asset
Our Private Equity Fund investors are seeking businesses to help and approve daily and quickly

Outsource Your Financing

Financial headhunters find investors for entrepreneurs for a cut of the capital they bring in. Prime Bay Funding Group will do all the hard work for you while you wait on collecting cash flow now to expand your business goals.

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Account Receivables Factoring: How Does it Works?

ruth.antoine@primebayfunding.com (Ruth Antoine) — Wed, 12 Jan 2011 19:03:26 +0000

Account receivables factoring is the selling of accounts receivable or invoices in order to secure immediate, working capital (cash). Factoring has been used by businesses around the world for more than four centuries to manage cash flow. Here is a little bit about how accounts receivable factoring works.

If your business extends credit to customers on net terms, depending on how long the terms are for, you must wait a while before you can actually get paid. Until then, you are left with accounts receivable. Accounts receivable are simply future payments that you are entitled to collect for goods or services provided after a given amount of time.

A factor company purchases your receivables by giving you an advance payment up front. This advanced payment is usually 70 - 90% of the total value of the receivables. After charging a small fee (2% and up) the remaining balance is released upon full receipt of payment for all the receivables/invoices. This allows your business to be able to make those larger sales and still have the working capital to continue operations and further growth.

Reasons to Factor your invoices through finance:

Obtain a source of working capital
Relief from responsibility for collection of no-pay and slow-pay clients
Fill more orders
Flexible funding program that increases as you increase your sales
Ability to take advantage of vendor discounts
To have funds for payroll and taxes
Extend credit to customers on large orders
Buy equipment or inventory on demand

To get your free Business Funding Strategy Ebook GO HERE

Factoring Receivables: Caution Asset Factoring Is Their Any Benefits?

ruth.antoine@primebayfunding.com (Ruth Antoine) — Mon, 27 Dec 2010 18:06:29 +0000

Gaebler.com has a featured article you can read later: Below ready the benefits of factoring receivables!

Factoring receivables can get you out of a cash flow crunch in a hurry. For the peace of mind of knowing that you have money in the bank, the cost of factoring receivables is well worth the price. The industry is maintaining its head above water, but cash is tight and another bank loan just isn't an option. The cash flow pinch has your back against the wall and you're starting to wonder whether you have any options left. Well, you might have one more alternative before you throw in the towel. It's called factoring receivables and it may be a good way to generate cash in a hurry for your industry.

Sooner or later every small company finds itself in a cash flow crunch. It simply comes with the area. For many small businesses, factoring receivables provides a way to turn non-liquid assets (i.e. accounts receivable) into instant cash. Here's how it works: Under certain circumstances, factors (factoring companies, finance companies, or other business entities) may be willing to purchase your business' accounts receivables, giving you cash for a certain percentage of your receivables upfront with the remainder (minus a fee) to go after as payment is received from your customers. In theory, it's a win/win transaction: Your business gets an immediate injection of cash and the factor earns a fee for their services. In practice, however, the choice to factor your receivables isn't a slam dunk. Stay tune on the tips on how to make it easy!

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How to Make Local SEO Effective for Your Business

ruth.antoine@primebayfunding.com (Ruth Antoine) — Mon, 13 Dec 2010 18:40:10 +0000

How to Make Local SEO Effective for Your Business

Is your business the kind for which local exposure would help. So if that's the case, then you may know about search engine optimization, or local SEO, so you can get that kind of organic search traffic. Naturally, the amount of traffic you do get can depend on certain things, but if there's traffic then you can capture it. This article concerns local SEO, and we'll talk more about how you can get started with it so you can drive more traffic from your local area.

How to Train, Motivate, and Build Your Team

ruth.antoine@primebayfunding.com (Ruth Antoine) — Wed, 14 Jul 2010 17:29:34 +0000

How to Train, Motivate, and Build Your Team

Network marketing expert and Professional Business Coach, Ruth Antoine responds to several questions that people have sent in from a multiple of subject including: training a team, motivating and building a business. This is an amazing tool that will get you working and building your company larger and improved today!

Topics to Target with Your Team:

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How to get your connections to Success and National Seminars/Events
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How to pull the most excellent out of your team and carry them to the next level
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How do you get started in a very new area/city?

What to know the debths of the above connect with a team full of success and empowered leaders. Connect with Expert

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